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The influence of Harold Hotelling?s work in the field of mineral economics is both unusual and outstanding. In the 66 years since its development, theory surrounding the economics of exhaustible resources has only been significantly researched since the early 1970s. At that time a wave of research into the economics of exhaustible resources arose from the threat of global resource scarcity and continued into the late 1990s. Current East Asian and global demand for natural resources as well as mineral and metal commodities, has stimulated interest in the optimal and sustainable exploitation of exhaustible resources to the point that the subject is worthy of review. Hotelling?s theory and the assumptions that he made in establishing a model for the optimal exploitation of mineral resources at the industry level and at the level of the individual mine owner, are examined. He showed that the rate of increase inexhaustible resource prices should be equivalent to the market rate of interest and that in a market with rising prices the rate of extraction should be constant. In markets where demand is stable optimal exploitation requires that the rate of extraction should decline over time, while in a monopoly market he showed that the rate of extraction is retarded. In addition, the effects of cumulative production on costs and prices, the uncertainty associated with estimates of the resource stock, the impact of exploration and issues of intergenerational equity are examined. An analysis of the optimal price path, extraction costs and mineral rents at an industry level is presented as a model. An analysis of the rates of production and optimal benefits at the individual mine level including total, average and marginal costs on the optimal rate of production, is considered. Optimal extraction rates for a mine with a clearly defined concave positive cost equation vary according to the position on the marginal cost curve. The influence of discount rates and the size of the ore reserves on the rates of mineral extraction are also examined and could define the frontier of usefulness for the ?economics of exhaustible resources?.

Jan 1, 2007

By F. H. Touwen, N. C. Joughin

"Simulation is a technique for studying the operation of systems by synthetic experimentation. With digital computers it is possible to simulate even the complex production processes in gold mining. This has great potential in that it enables the investigation, analysis and comparison of mining systems to be done accurately, rapidly and at low cost. Two programs have been developed to simulate the principal underground production processes in gold mining.These are the simulation of any stope contract and the simulation of underground transport operations. The programs synthesize these mining activities from a large number of small unit operations. The stope contract program simulates rockbreaking by drilling and blasting and the cleaning of the panels by face and gully scraping. The transport program simulates the functions and movements of all vehicles running on rails on one underground level. The simulation programs provide an effective means for experimenting with mining activities."

Jan 1, 2014

By M. Arnesen

Mining professionals recognize the need to continuously evaluate and refine mine planning standards and scheduling. We must examine our current reality, and evaluate the following: •How well do our planning standards represent the actual mining process? •To what extent do they support the requirements of the downstream mining activities? •How we apply them to operational management and control? In most operations, mine-planning standards are global averages. Little differentiation is madein quantifying key planning variables. Often standards used in the long-term, are applied to the short-term, and the standards and scheduling precedents are only reviewed occasionally. Mine-planning standards applied to production schedules are often only focused on the management of functional mining performance, and play no role in managing the requirements of down stream processing. Many mining operations are characterized by high levels of fluctuation, and typically incorporate a wide range of factors and adjustments to compensate for deviations from performance targets, in mining operations as well as for the other business areas. The reason for using global averages is because of a lack of understanding of the causes of deviations that occur through the process, and the impact that they may have on the performance of the business as a whole. Average standards and factors are often used to quantify the variability in a system. From these average values, measurement standards and performance targets are derived for the planning and execution environments. During the execution of a plan/schedule there will be deviation in actual performance and the planned ‘average’ standards. In reality the ‘average’ conditions seldom occur and the impact of variability and interdependency are seldom constant or predictable. The predictability of variability and interdependency is further complicated by the fact that mining conditions have a role to play in the actual production performance, and they too are variable. By developing the throughput knowledge of our production systems, we can better understand the nature of variability and the interdependency within the systems as well as the impact of interdependency between the links in our production chains. With this knowledge, planning standards and scheduling precedents can be better defined and sensibly differentiated. This will improve planning and management of ore utilization, mining production and the effectiveness of processing. As a result the business will be more stable and predictable and business performance will be improved. The purpose of this paper is to describe: •At a high level, the scope for refining and differentiation in mine planning standards, and incorporating geological and plant parameters into mine scheduling. This will improve planning and scheduling and the overall performance of the mine. Given our current level of scientific knowledge and the technological tools at our disposal we should be able to plan and schedule production so that we can manage pro-actively and improve business performance. In doing so we can also improve reconciliation and value tracking through mining and processing •The flexibility and functionality of the XPAC planning and scheduling tool that will enable a throughput management approach.

Jan 1, 2003

By M. Reuter

This paper gives an overview of some criteria for the selection of processes for the recovery of lead and zinc from various raw materials and/or intermediate products. A glossary of possible processes and process variants, is presented and discussed, as well as the way in which these are interlinked. Recent developments in metallurgical process synthesis are also discussed, and the results produced by an eco-techno-.economic synthesis procedure for process routes in zinc metallurgy are given briefly. The way in which such a synthesis can complement a life-cycle assessment (LCA) of zinc-producing technologies is also described.

Jan 1, 1997

By J. J. Schoeman

In South Africa and in the rest of the world, the two mica minerals that have the most important commercial value are muscovite and vermiculite. Muscovite has been making a comparatively small but steady contribution to South Africa's mineral exports since about 1960. Vermiculite mining and concentration were started by the late Or Hans Merensky at Phalaborwa during 1946. Vermiculite has enjoyed good overseas sales since then, and during the past four years has become an important earner of foreign currency for South Africa. The various aspects of the micas that could be of general interest are briefly reviewed, such as the history of their exploitation, their mineralogy and chemistry, and their mining, concentration, production, sales, and future

Jan 1, 1989

By D. D. Marsden

This paper discusses the concentrations of sulphides and total sulphur in widely spread regions around mine residue deposits, from which rain-water run-of can enter the Vaal River system. Analyses of borehole samples from several deposits are used to establish typical sulphur head grades. It is shown that a high percentage of al the oxidizable, and hence leachable and pollution-causing, sulphur has already been removed. When the residues were fresh, water that came from the deposits was highly polluted, but the dissolved solids from these residues are today of very minor significance. The data are supported by analyses of the drainage streams.

Jan 1, 1986

By J. H. Bulloch

This paper describes detailed fractographic analyses of several specimens that had undergone corrosion-fatigue tests at high stress ratios in simulated pressurized water-reactor environments. The distribution and morphology of non-metallic manganese sulphide inclusions are shown to strongly affect the growth of environmentally assisted cracks (EAC), and certain features suggest that a hydrogen-assisted mechanism is responsible for the observed EAC growth. The incidence of transient EAC growth in isolated regions suggests that the critical conditions that trigger this type of growth are the 'right' local chemistry at the crack tips and imposed mechanical conditions.

Jan 1, 1987

By H. A. D. Kirsten

The professions are subject to a wide range of changing conditions, and are as a result forced to become more competitive. Although there is a need for specialization under these circumstances, no formal recognition, definition, or control of specialists exists. Some of the professions have attempted, over extensive periods of time, to resolve the issues involved, and have met with varying degrees of success. It appeared from the replies to a questionnaire sent to over one-hundred-and- .fifty professionals, that both advanced education and experiential training, are considered to be necessary qualifications for specialization. The opinion as to whether it should be lift to the individual to cal himself a specialist, or whether recognition should be based on peer review, was divided The majority did not want the number of specialists to be controlled The response to the reservation of work for specialists was ambivalent.

Jan 1, 1995

In a gold CIP/CIL circuit, adding new circuit water to a final tails thickener and then directing the thickener overflow to the head of the circuit significantly reduces the cyanide concentration at the TSF discharge spigot. The new water is used to dilute the final tails. The dilution and recycle of the tails in this manner may have the added benefit of reducing reagent consumption, in some cases to the point where the reagent savings justify the expenditure and Cyanide Code compliance is achieved at no extra cost. Potential circuit configurations and water recycles can be modelled by splicing a flowsheeting and thermodynamics package, such that changes to the composition of the water can be reduced to chemical speciation with a Gibbs free energy minimisation enabling a complete understanding of the circuit water chemistry.

Jan 1, 2007

Knelson concentrators are commonly used to recover fine liberated gold in gold processing plants. The decision to employ a gravity gold circuit consisting of centrifugal devices such as Knelsons is primarily taken on the results of GRG tests, among other considerations. While the GRG test is considered a material characterisation test, which is useful in the design stages, its use in evaluating the performance of an existing unit is questionable. The problem is exacerbated by the fact that it is time consuming and costly. This paper examines the validity of the GRG test for performance evaluation and discusses alternative test work that can be performed to evaluate the performance characteristics of an operating machine. Principles that are useful in selecting optimal operating parameters, such as optimal fluidising water flow rate for a given ore/machine combination, are also discussed and illustrated with laboratory and plant data.

Jan 1, 2007

By R. Kosmicki

Wet end components of centrifugal slurry pumps used in the hydraulic transport of solids are subject to substantial erosive wear. Accurate prediction of the casing wear rate and location for a particular duty is beneficial for correct pump selection and design, maintenance planning, and elimination of emergency shutdowns. CFD multiphase simulation using the Eulerian-Eulerian approach is being applied successfully to determine the velocity fields and solids concentration in the centrifugal pump, allowing for accurate predictions of casing wear patterns resulting from sliding abrasive wear. Simulation results for various single domain and multi-domain (multistage) multiphase simulations are discussed. Emphasis is placed on results from a 3-dimensional, multi-stage transient, multiphase simulation and comparison to field data.

Jan 1, 2007

By O. Fenn

Earlier work had shown that the use of water jets at moderate pressure enhances mechanical cutting in hard rock. To assess the potential of this technique for use in conjunction with free-rolling cutters, a series of laboratory tests was conducted with disc and button cutters to determine the effect of variations in the jet and cutting parameters on the cuter performance. In these tests it was found that the use of water jets at pressure in the range 5 to 40 MPa can reduce the forces on a free-rolling cuter by 40 per cent, which represents a significant improvement in cutting performance. The reduction in thrust force was found to be dependent on jet pressure: the greater the pressure, the greater the reduction. The reduction in rolling force was independent of jet pressure over the range investigated. The results indicate that no additional improvements in cutting performance of any significance are to be gained by an increase in jet pressure above 40 MPa. The most effective jet configuration for the reduction of cuter forces was found to be four coherent water jets, two lateraly disposed on each side of the cuter and directed at the arc of contact between the cutting edge and the rock.

Jan 1, 1987

By G. A. Matthrsuis, R. N. Morris

The paper identifies two zones in a Leeds flotation cell. The ratio (13)of the dissipative forces and the interfacial tension force acting on a bubble and a solid particle are shown mathematically to be proportional to the square of the particle diameter for the quiescent zone and inversely proportional to the particle diameter for the turbulent zone. To locate the range of operation, correlations were established for the bubble diameter through photography and bubble counts. 13was found to be fairly constant in the particle size range 38 to 150 ",m, and the level of turbulence unlikely to affect the bubble-particle attachment and hence the beneficiation efficiency. This was verified in a series of flotation runs with a standard Leeds cell and a modified cell of twice the height to increase the capacity of the quiescent zone. A series of tests on the size range 300 to 600 ",m showed that the turbulence level had a marked effect on the cell performance through a relative improvement in the beneficiation efficiency due to the increased height of the cell. To identify the significant variables in the size range 38 to 150 ",m, a factorial design was carried out. Promoter dosage and particle size were found to be significant, aeration rate and impeler speed being insignificant at the 95 per cent confidence level. Multiple regression correlations were established for the recovery of organic material, mineral rejection, and beneficiation efficiency.

Jan 1, 1988

By A. C. Wingrove

The paper outlines the selection of a dewatered tailings backfill system for the Johannesburg Consolidated Investment Gold Division, and covers the following aspects: (i) 16 Shaft pilot testwork; (ii) engineering design problems relating to the Cooke 3 Shaft backfill operation; (iii) in-line mixing - applications with respect to the Randfontein Estates Gold Mine and Western Areas Gold Mine backfill operations; and (iv) pipeline friction losses.

Jan 1, 1988

The special mixing requirements for backfilling are discussed, and the problems associated with the mixing of coarse and deslimed slurries, as well as the tailings from the gold plant are outlined. The mixing of binders which are used to strengthen backfill and the parameters for the scale-up of mixer pilot plant work are also discussed

Jan 1, 1988

By Y. Lizotte

This paper describes the design and implementation of the dispatching system at LAB Chrysotile Inc.'s Black Lake Mine Operation, Quebec, Canada. The initial system uses a computer in a passive role, to record and display information in ongoing operations. Simulation studies were undertaken at McGill University to assess various heuristic dispatching rules which can be program- med and inserted into the dispatching system. The computer can then suggest to the operator where a truck should be sent to maximize productivity or improve fleet efficiency. The study stresses the importance of considering the effects of implementing computerized systems on those individuals who must use these systems in their daily work. The roles of individuals from the industry and the university in this joint project are also highlighted.

Jan 1, 1987

By T. Tholana, P. N. Neingo

"A mineral resource constitutes the principal underlying asset of a mining company, and must be exploited and managed in such a way that maximum value is derived from it. Various asset management frameworks applicable to physical assets are available. This paper focuses on the extension of an asset management approach, particularly the Publicly Available Specifications (PAS) 55 asset management framework and the International Organization for Standardization (ISO) 55000 series of standards, to mineral assets. It is concluded that PAS 55 and the ISO 55000 series of standards can be extended to manage mineral assets, resulting in an integrated approach to sustainably optimize value from the company’s mineral assets. The benefits include improved returns on mineral assets, maximum mineral asset utilization, creation of an organizational culture focused on quality and continuous improvement, and assurance to stakeholders that the mineral assets are being efficiently managed over their entire life-cycle. In the context of this paper, a ‘mineral resource’ refers to both Resources and/or Reserves as classified by the SAMREC Code. IntroductionMining involves the extraction of valuable mineral resources from the Earth’s crust. A mineral resource is unique among natural resources in the sense that it is a wasting asset, which means that its value depreciates continuously with extraction. In addition, it is often impaired from time to time as commodity price changes (Macfarlane, 2011a). Since a mineral resource is a wasting asset there is a single opportunity available to optimize value from its extraction. Mine planning involves identifying a strategy to exploit the mineral resource in a way that maximizes value at an acceptable risk level throughout the life of mine (LOM). This optimum extraction strategy changes as economic conditions change, particularly commodity prices, as well as with improvements in orebody knowledge as mining progresses. It is the mineral deposit that competitively distinguishes two different mines and dictates the location of a mine; hence the adage ‘the orebody dictates’. Therefore, a mineral resource is the primary tangible asset possessed by mining companies and must be managed in such a manner that maximizes its value at an acceptable risk level (Macfarlane, 2011a)."

Jan 1, 2016

By R. V. Ramani, R. Stefanko

"The favorable mining conditions in the United States of America that resulted in the development of the highly productive room and pillar systems are largely disappearing. Increasing mechanization, poorer natural conditions, and greater concern for health, safety and environment gave impetus to the enactment of the Federal Coal Mine Health and Safety Act of 1969. These regulations prescribe more stringent requirements in face ventilation and mine air distribution, necessitating significant changes in existing ventilation systems. Stringent mandatory standards were applied to respirable dust control for the first time, and simultaneous control of both gas and dust has affected the face as well as primary distribution, most notably on haulage entries.The size and complexity of the present-day mining operations, and the need to evaluate various system changes in a limited time, call for scientific methods in mine planning. In this paper, the authors trace the previous applications of computers to mine ventilation planning and discuss the results of their work in applying a ventilation simulator developed at Penn State. The paper includes an analysis of current trends and suggestions for future research and development."

Jan 1, 2014

By J. H. E. Perry, V. H. Wiik

"The ore deposits of the Zambian Copperbelt occur in sedimentary strata that have been subjected to relatively mild, flexure-type folding. Unrolling serves to reconstruct the original depositional geometry of the folded sedimentary strata and is in common usage on the Copperbelt both for geological analysis of drill hole data and in routine ore reserve estimation.A computerized method of unrolling was introduced at Roan Consolidated Mines in 1969 based on a standard contouring program. A contour map of the geological structure is drawn from a regular grid of elevations, interpolated from the original, irregularly-spaced intersections. Unrolling is performed across this grid, perpendicular to one or two axes specified by the geologist. Each intersection is unrolled independently, and the new co-ordinates are subsequently processed to produce unrolled maps.The technique has been used successfully at RCM over the last two years in both the estimation of ore reserves and exploration planning."

Jan 1, 2014

By C. G. Verkerk

The paper discusses the transport and rheological characteristics of high concentration slurries or pastes for backfill purposes. The influence of pipe size, particle size distribution, additives, coarse material and mass concentration on these characteristics is addressed.

Jan 1, 1988